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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of Washington Mutual Bank , which was the largest savings and loan association in the United States until its collapse in 2008.
WaMu was the largest financial institution overseen by the Office of Thrift Supervision, and WaMu's fees paid for 12% to 15% of the agency's budget, Levin said. "OTS was a feeble regulator," he said.
While CEO of Washington Mutual in 2007, Killinger earned a total compensation of $14,364,883. [13] In 2008, he took home $25.1 million in compensation. Killinger received a $15.3 million severance payment in September 2008 "as well as a $445,200 lump-sum payment for vacation benefits and a $300,669 'special payment'".
Washington Mutual: Seattle: Washington: 2008 $307 billion $434 billion [3] First Republic Bank: San Francisco: California: 2023 $229 billion $229 billion [4] [5] Silicon Valley Bank: Santa Clara: California: 2023 $209 billion $209 billion [6] Signature Bank: New York: New York: 2023 $118 billion $118 billion [7] Continental Illinois National ...
I live in Portland, Oregon, and a lot of my friends have accounts with Washington Mutual, given its roots in the Pacific Northwest (WaMu was founded in Seattle over 100 years ago). Most of my ...
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On average, between 1980 and 1994, a US bank failed every three days. The pace of bankruptcies peaked immediately after the 2008 financial crisis. [1] The 2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2]
In 2013, WAMU moved to a new studio facility at 4401 Connecticut Ave. NW in the Forest Hills/Van Ness neighborhood of Washington, D.C. [36] The facility was constructed with three broadcast studios, two news studios with dedicated control rooms, multiple editing suites, and a 90-seat black box theater capable of supporting broadcasts before a live studio audience. [37]